Don’t FORGET your credit cards…
Sanebull on Square, PayPal, and Venmo… that’s how the kids are paying these days, right? Not entirely…or at least not according to the share prices of AmEx, Visa, and Mastercard. AmEx is up 10%, Visa is up 30%, and last but not least, MasterCard is up 45% on the year. And surprisingly, Visa and MasterCard actually rallied after settling their $6.2 billion “mistake.” These guys just can’t lose…
The future of money… WILL includes AmEx, Visa, and Mastercard because all three companies are investing in it. For example, Visa is one of the biggest shareholders in Square and AmEx and Mastercard both are investing in other forms of fintech. Also, traditional credit cards are still thriving in Spain, Italy, Poland, and many other countries, for that matter.
And all the money Americans are spending… doesn’t hurt either. In fact, Wall Street is forecasting for all three credit card companies to see significant sales growth this year. So don’t forget your credit card at the market and don’t forget to get your credit card stocks on the market!
